Volvo Group

OverviewSuggest Edit

The Volvo Group is a company that manufactures trucks, buses, construction equipment as well as marine and industrial engines. It also provides financing, rental, preventive maintenance, and other related services. The company focuses on automation, material technology, electric vehicles, and other areas. The Volvo Group operates a range of brands, including Volvo, UD Trucks, Terex Trucks, Renault Trucks, Prevost, etc.
HQGöteborg, SE
Employee Ratings4.2
Overall CultureC

Latest Updates

Employees (est.) (Dec 2020)96,194(-7%)
Job Openings1,374
Revenue (FY, 2021)KR372.2 B(+10%)
Share Price (Aug 2022)KR180.7(+2%)
Cybersecurity ratingBMore
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Key People/Management at Volvo Group

Martin Lundstedt

Martin Lundstedt

Director, President and CEO
Jan Gurander

Jan Gurander

Deputy CEO
Diana Niu

Diana Niu

Executive Vice President Group Human Resources
Roger Alm

Roger Alm

President, Volvo Trucks
Johan Bartler

Johan Bartler

Director, Investor Relations
Bruno Blin

Bruno Blin

Executive Vice President Volvo Group, President Renault Trucks
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Volvo Group Office Locations

Volvo Group has offices in Göteborg, Hagerstown, Wacol, Brussel and in 20 other locations
Göteborg, SE (HQ)
Gropegårdsgatan 2
Wacol, AU
36 Viking Dr
Brussel, BE
Luxemburgstraat 3
Gent, BE
Smalleheerweg 31
Sint-Agatha-Berchem, BE
Hunderenveldlaan 10
Curitiba, BR
Av. Juscelino Kubitschek de Oliveira, 2600 - Cidade Industrial de Curitiba
Show all (26)

Volvo Group Financials and Metrics

Volvo Group Revenue

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Volvo Group's revenue was reported to be kr372.22 b in FY, 2021

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Volvo Group's current market capitalization is kr448.6 b.
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Financial Leverage

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Volvo Group Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Countries (Manufacturing Sites)




Units Delivered (Heavy-duty Trucks)

193.89 k49.64 k56.24 k46.4 k46.21 k201.09 k38.27 k23.16 k31.69 k47.54 k140.65 k43.32 k37.15 k37.96 k

Units Delivered (Medium-duty Trucks)

14.07 k3.34 k3.38 k2.69 k3.18 k12.7 k2.44 k1.81 k2.72 k3.76 k10.74 k3.74 k3.37 k2.86 k

Volvo Group Acquisitions / Subsidiaries

Company NameDateDeal Size
Jiangling MotorsNovember 10, 2021$125.7 m
AB Volvo Penta
JSC Volvo Vostok
Kommersiella Fordon Europa AB
Sotrof AB
UD Trucks Corporation
VFS Int Romania Leasing Operational
VFS Latvia SIA
VFS Servizi Financiari Spa
VNA Holding Inc.
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Volvo Group Revenue Breakdown

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Volvo Group revenue breakdown by business segment: 61.4% from HEAVY TRUCKS, 24.6% from CONSTRUCTION EQUIPMENT and 13.9% from Other

Volvo Group revenue breakdown by geographic segment: 17.0% from ASIA, 42.5% from EUROPE, 8.2% from SOUTH AMERICA, 5.9% from AFRICA AND OCEANIA and 26.5% from NORTH AMERICA

Volvo Group Cybersecurity Score

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Volvo Group Online and Social Media Presence

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Volvo Group Company Culture

  • Overall Culture



  • CEO Rating



  • Compensation



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Volvo Group News and Updates

Volvo Group starts process to establish plant for battery production in Sweden

GÖTEBORG, Sweden, Aug. 3, 2022 /PRNewswire/ -- To meet the growing demand for battery electric heavy-duty vehicles and machines, the Volvo Group has initiated the process to establish a large-scale production plant for battery cells in Sweden. "We aim to lead the transition to a...

Volvo Group - the second quarter 2022

GÖTEBORG, Sweden , July 19, 2022 /PRNewswire/ -- "The Volvo Group continued to perform well in Q2 2022 with strong growth and improved profitability. We increased our net sales by 31% to SEK 118.9 billion with good momentum both in the sales of vehicles and in the service business. The...

The Volvo Group, Daimler Truck and the TRATON GROUP kick off European charging infrastructure joint venture

GOTHENBURG, Sweden, MUNICH and STUTTGART, Germany, July 8, 2022 /PRNewswire/ -- Today, the Volvo Group, Daimler Truck, and the TRATON GROUP completed the final step in forming the previously announced joint venture for charging infrastructure in Europe. The new joint venture, with Anja...

Invitation to the Volvo Group report on the second quarter 2022

GÖTEBORG, Sweden , July 5, 2022 /PRNewswire/ -- The Volvo Group report for the second quarter 2022 will be published on Juli 19, 2022, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST. An online presentation of the report, followed by a...

Volvo Group accelerates to grow in the ongoing industry transformation

GÖTEBORG, Sweden, June 22, 2022 /PRNewswire/ -- At the Volvo Group's Capital Markets Day today June 22, 2022, President and CEO Martin Lundstedt and Group Management outlined the major business opportunities in the ongoing technology shift that is expected to accelerate the Group's sales...

Volvo Group Partners with Plug and Play To Further Expand Presence in Silicon Valley

SUNNYVALE, Calif., May 18, 2022 /PRNewswire/ -- Plug and Play announced today that it has entered into a partnership with the Volvo Group, an original equipment manufacturer (OEM) of transport and infrastructure solutions, including trucks, buses, construction equipment, power solutions...
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Volvo Group Blogs

Invitation to the Volvo Group report on the first quarter 2020

The Volvo Group Report on the first quarter 2020 will be published on April 23 2020 at 7

Update on the Volvo Group’s financial reporting 2020

In accordance with accounting standard IFRS 5, the UD Trucks global business was on December 31, 2019 reclassified as assets and liabilities held for sale

Volvo provides an update on the current situation in respect of COVID-19 and postpones the Annual General Meeting

The Board of Directors of AB Volvo has decided to postpone the Annual General Meeting given the uncertain and accelerating developments in the wake of COVID-19

AB Volvo’s Board of Directors withdraws proposal of extra dividend, maintains ordinary dividend

In light of the general uncertainty and the measures taken to slow down the spread of Covid19 and their effects on the Volvo Group, the Board of Directors of AB Volvo has decided to maintain the proposal to the Annual General Meeting on April 8, 2020 of an ordinary dividend of SEK 5

Update on the impact from Covid-19 on the Volvo Group

The consequences of the Covid-19 outbreak is affecting the Volvo Group, and there is a considerable risk of a material financial impact on the Group as from mid-March

Heavily reduced programme at AB Volvo’s Annual General Meeting April 8, 2020

The Public Health Agency of Sweden (Folkhälsomyndigheten) has upgraded the risk of spread of the new corona virus in Sweden and the Swedish government has decided not to allow public gatherings collecting more than 500 individuals
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Volvo Group Frequently Asked Questions

  • When was Volvo Group founded?

    Volvo Group was founded in 1927.

  • Who are Volvo Group key executives?

    Volvo Group's key executives are Martin Lundstedt, Jan Gurander and Diana Niu.

  • How many employees does Volvo Group have?

    Volvo Group has 96,194 employees.

  • What is Volvo Group revenue?

    Latest Volvo Group annual revenue is kr372.2 b.

  • What is Volvo Group revenue per employee?

    Latest Volvo Group revenue per employee is kr3.9 m.

  • Who are Volvo Group competitors?

    Competitors of Volvo Group include Isuzu, Penske Automotive Group and Navistar.

  • Where is Volvo Group headquarters?

    Volvo Group headquarters is located at Gropegårdsgatan 2, Göteborg.

  • Where are Volvo Group offices?

    Volvo Group has offices in Göteborg, Hagerstown, Wacol, Brussel and in 20 other locations.

  • How many offices does Volvo Group have?

    Volvo Group has 26 offices.